It's A Promising Start To 2016
Connecticut REALTORS® reports that single-family residential home sales in Connecticut increased 19.2 percent comparing January 2016 to January 2015. The median sales price of $232,000 represents a less than one percent decrease from $234,000 in that same time period. Median indicates that half the homes sold for more and half for less. Total units of homes sold were 1,977 in January 2016 and 1,659 in January 2015.
The increase in Eastern CT was substantially larger. Single family sales in Eastern Connecticut rose from 170 sales in January, 2015 to 274 sales in January, 2016, a 61% increase. The median sales price declined 2.5% and the average sale price declined 1.5%.